Liberty Broadband (NASDAQ:LBRDA) Shares Gap Down – Should You Sell?

Liberty Broadband Co. (NASDAQ:LBRDA) gapped down before the market opened on Thursday . The stock had previously closed at $79.22, but opened at $74.90. Liberty Broadband shares last traded at $74.71, with a volume of 33,187 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on LBRDA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $92.00 in a research note on Thursday, November 14th.

Liberty Broadband Stock Performance

The firm’s 50-day simple moving average is $78.50 and its two-hundred day simple moving average is $73.82. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $10.86 billion, a PE ratio of 14.00 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $242.40 million. During the same period last year, the firm earned $1.10 EPS.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 196,542 shares of company stock valued at $15,834,108. Insiders own 14.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in Liberty Broadband during the third quarter worth approximately $30,000. American National Bank & Trust bought a new position in Liberty Broadband in the 3rd quarter worth $32,000. GAMMA Investing LLC lifted its position in Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares during the last quarter. Paloma Partners Management Co bought a new stake in Liberty Broadband during the third quarter valued at about $54,000. Finally, Glenmede Trust Co. NA increased its stake in shares of Liberty Broadband by 116.6% in the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after purchasing an additional 533 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.